From www.pwc.com.au: The Administrative Review Tribunal dismissed a taxpayer’s appeal regarding their R&D activities, concluding that they did not meet the core criteria of having an unknown outcome as required by tax regulations.

However they also criticised Innovation and Science Australia for imposing documentation requirements that hinder small businesses’ access to R&D tax incentives.

The experience highlighted the importance of clearly defining unknown outcomes and retaining appropriate documentation to support R&D eligibility.